Settlement Residual Allocation Methodology (SRAM)
The method used to allocate the settlement residue amongst transmission customers.
The Electricity Authority has decided on a new methodology to allocate the settlement residue amongst transmission customers (via settlement residual rebates). The settlement residue is the remainder of the wholesale market loss and constraint excess (LCE) and Financial Transmission Rights (FTR) auction revenue after FTR payments have been made. (The settlement residue is often referred to as the residual LCE.)
Overview
| Date | Activity |
|---|---|
| 14 Feb 2023 | Development: The new SRAM introduces requirements on Transpower to pay its customers settlement residual rebates according to the new SRAM which was decided on in November 2022 following consultation. Transpower has indicated that to calculate these rebates, it expect Read more |
| 15 Nov 2022 | Development: Following consultation the Authority has decided to amend the Code to provide for the development of a new Settlement Residual Allocation Methodology (SRAM) Read more |
| 6 Sep 2022 | Background: Read more |
| 16 Aug – 27 Sep 2022 | Consultation: Consultation has begun on a proposed settlement residual allocation methodology (SRAM) and rules on pass-through of settlement residual rebates by distributors. Read more |
| 16 – 30 Aug 2022 | Event: SRAM Consultation - Online information session Read more |
| 18 Jan – 01 Mar 2022 | Consultation: The Authority is consulting on proposed principles for a new settlement residual allocation methodology (SRAM). Read more |
